The “Real” Advantages and “Real” Disadvantages of Having a Real Estate License in a Short Sale Flip Transaction
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateDec 17th, 2009 | 3 responses
I have been getting a lot of questions lately about what the advantages and disadvantages of having a real estate license are when doing a short sale flip transaction, so I figured I would shed some light on it in this video. Listen in as I not only cover this “hot” topic but I also cover whether or not you can change a buyer on a short sale transaction when you are stepping out of a wholesale short sale deal, how to make yourself a “named insured” or take over a homeowners hazard insurance policy on a “subject to” deal, how to structure your business when doing loss mitigation work...
Your #1 “Must Have” When Getting into a Partnership: Know YOUR EXIT STRATEGY!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateDec 10th, 2009 | 3 responses
Whether or not to bring on a partner to help grow your existing real estate business is always a tough decision to make. There are many unknowns and many misconceptions on what is important and what is not. Listen in as I cover the #1 thing that you absolutely need to have if you are deciding to go into a partnership. Also listen in as I go over whether or not you can use an option contract to flip a property to an FHA buyer, who our company uses as a transactional funding source, the “correct” message to put on all of your online and off-line marketing pieces and much more. Visit www.FridayCoffeeBreak.com...
The In’s and Out’s of Title Companies That Will Write a Title Policy on the B of A ”30 Day” Flip Language
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateDec 3rd, 2009 | 2 responses
There has been a lot of talk about Bank of America’s short sale acceptance letter, mostly their item #10, which states we have to hold a property we short sale for 30 days before we resell that property: the big challenge we all face is finding a title company to write a title policy with that language in it. Listen in as I go over the facts on who will do it and what language they will put in the policy to save their own butts! Also listen in as we go over what to do when there is a leaky oil tank in a property you are short selling, the best properties to invest in for 2010, how to get a clear...
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